431 S 5th St, Livingston, MT 59047

A Rare Waterfront Treasure in the Heart of Livingston! Opportunities like this are few and far between—this 4 bedroom/4 bath gem is perched directly on Livingston’s historic and iconic Lagoon, offering front-row views of the Absaroka Mountains and neighboring Sacajawea Park, all from an exceptionally private setting just minutes from downtown. In the summer, soak in the energy across the Lagoon as the weekly Famer's Market comes to life, or launch a paddleboard right off the driveway for a peaceful float on the water. This home blends indoor comfort with outdoor magic. A large picture window in the living room frames postcard-worthy mountain and park views, accented by custom built modular bookshelves, while the thoughtfully remodeled kitchen flows into a dining area that opens—via French doors—to an expansive backyard sanctuary. A majestic Linden tree provides natural shade for al fresco dinners and quiet morning coffee on the deck or patio surrounded by a perennial garden. When the mountain air cools, retreat to the private covered deck off the primary suite and enjoy hydrotherapy in the Arctic swim spa adjacent to the deck. Mid-century charm meets modern functionality on the main level featuring an open-concept layout with the updated kitchen, dining, and living area, plus two bedrooms and a ¾ bath down the hall. A central flex room—with laundry and an additional ¾ bath—creates a natural transition to the private radiant-heated primary suite, complete with oversized French doors to the deck, a large walk-in closet and ensuite full bath. The fully finished basement offers both interior access and a private outdoor entrance through French doors- creating excellent potential for multigenerational living, guest quarters or future rental income. With a spacious family room, full bathroom, one bedroom, and a non-conforming bedroom or flex space, the layout is already in place. Add a compact galley kitchen to transform it into a fully functional apartment or guest suite-or enjoy it as an extension of your main living quarters. The landscaped front and back yard include underground sprinklers. The covered carport is located at the front of the home, with alley access in the back and room for additional parking, ADU, or creative structure. Zoned RII—buyers should still confirm allowable uses with the city. This isn’t just a home—it’s a front-row seat to Livingston’s charm and an invitation to live like you're on vacation, every day.